Altvest Capital Ltd. said it will become the first listed company in Africa to adopt bitcoin as a major treasury reserve asset, a strategy that follows Michael Saylor's strategy in which shares have soared more than 2,400 percent since it began buying bitcoin.
Altvest CEO Warren Wheatley said in an interview that the company bought one bitcoin and has applied to regulators to raise about 200 million rand ($10 million) by selling shares to increase its treasury reserves. He added that no final decision has been made on raising funds.
South African Listed Firm Altvest Capital Apply to Raise $10 million to Buy Bitcoin
2025-02-21 07:32:45
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